{"data":{"id":"us-in/ic-27-1-3.5-0.5","jurisdiction":"us-in","citation":"IC 27-1-3.5-0.5","heading":"\"Audit committee\"","body":"Sec. 0.5. (a) As used in this chapter, \"audit committee\" means a body established by the board of directors of a domestic insurer or group of insurers for the purpose of overseeing:\n(1) the accounting and financial reporting processes;\n(2) external audits of financial statements; and\n(3) the internal audit function;\nof a domestic insurer or group of insurers.\n(b) For purposes of this chapter, the audit committee of an insurance holding company system is considered to be the audit committee of a group of insurers that are members of the insurance holding company system, at the election of the insurance holding company system.\n(c) For purposes of this chapter, if a board of directors does not establish an audit committee, the entire board of directors constitutes the audit committee.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 3.5. Annual Audited Financial Reports"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-3.5-0.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"3887dd08f07dbf7855a1c3ef2fb30d9963521509a544c36fd3aac23d0ec235ce","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-3.1-18","next":"us-in/ic-27-1-3.5-1"},"notice":"GroundRules: Original legal text. Not legal advice."}